Overview
What is Adirondack Foundation?
The Adirondack Foundation, established in 1997 as Adirondack Community Trust, is a philanthropic organization based in Lake Placid, New York. With a commitment to enhancing the lives of people in the Adirondacks, it manages over 250 charitable funds. The foundation's primary role includes stewarding charitable assets from generous individuals, making grants to nonprofits, schools, and municipalities, and serving as a community leader. Adhering to values such as collaboration, accountability, inclusion, diversity, and compassion, the Adirondack Foundation mainly focuses on areas like education, community vitality, economic opportunity, environment, human well-being, and arts and culture. Some of its notable contributions include establishing the Adirondack Nonprofit Network, helping develop the Adirondack Common Ground Alliance, and coordinating the Adirondack Birth to Three Alliance. With a workforce of 15 employees, the Adirondack Foundation is dedicated to strengthening community through philanthropy, with a vision of strong, just, and inclusive communities, supported family well-being, valued nature, and thriving arts and culture.
Official website here: www.adirondackfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Adirondack Foundation has achieved a perfect score of 100% for accountability and finance, indicating a strong commitment to transparency and responsible management of its resources. The organization has a fully independent board, with all 23 members providing oversight, which contributes to its sound governance practices. Additionally, the foundation has established comprehensive policies regarding conflict of interest and whistleblower protections, further underscoring its dedication to ethical operations.
Financially, the foundation demonstrates impressive metrics, with 88.22% of its expenses allocated directly to programs, indicating effective use of funds towards its mission. Its fundraising efficiency is notably high, with only $0.03 spent to raise a dollar, reflecting a strong ability to maximize donations for impactful work. Furthermore, the organization maintains a healthy working capital ratio of 9.03 years, suggesting robust financial health and sustainability.
Overall, Adirondack Foundation exemplifies best practices in nonprofit operations, with no reported material diversions of assets and a proactive approach to governance and finance. There are no significant limitations or concerns noted in the available data, highlighting its strong standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Adirondack Foundation legitimate?
Adirondack Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adirondack Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $292,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $733,860
For more financial information, click here
Official website here: www.adirondackfoundation.org
What is the mission statement of Adirondack Foundation?
The Adirondack Foundation, established in 1997 as the Adirondack Community Trust, strives to enhance the lives of individuals in its community through philanthropy. Its mission is to foster a strong, just, and inclusive society, where family well-being is prioritized through quality healthcare, education, and economic opportunities. Additionally, the foundation values and protects nature, with a thriving arts and culture scene as a result.
Official website here: www.adirondackfoundation.org
Who is the CEO of Adirondack Foundation?
Cali Brooks is the CEO of Adirondack Foundation The CEO's salary of Adirondack Foundation is $166,824 and their total compensation is $173,139.
Official website here: www.adirondackfoundation.org
What is the revenue of Adirondack Foundation?
Adirondack Foundation's revenue in 2024 was $14,349,046.
Official website here: www.adirondackfoundation.org
Who are the executives of Adirondack Foundation and what are their salaries?
The average compensation at Adirondack Foundation during 2024 was $68,413. There are 15 employees and 44 volunteers at Adirondack Foundation.
Here are 26 key members and their salaries (Adirondack Foundation's CEO's salary is $166,824 and their total compensation is $173,139):
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- Compensation: $166,824
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- Other: $11,520
- Compensation: $107,417
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- Other: $11,623
Official website here: www.adirondackfoundation.org
Where can I find the form 990 for Adirondack Foundation?
Adirondack Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.adirondackfoundation.org
Learn more at the official website: www.adirondackfoundation.org
Mission Statement of Adirondack Foundation
The Adirondack Foundation, established in 1997 as Adirondack Community Trust, aims to enhance the lives of individuals in its community through philanthropy. Its mission is twofold: firstly, it seeks to strengthen the community by supporting family wellbeing through quality healthcare, education, and economic opportunities. This means providing resources to ensure that families have access to necessary services, enabling them to thrive both personally and financially.
Secondly, the Adirondack Foundation values and protects nature, recognizing its role in the community's beauty and wellbeing. The organization understands the importance of preserving the natural environment for future generations. Moreover, it supports the arts and culture within the community, fostering creativity and cultural diversity. The foundation's vision is for the community to be strong, just, and inclusive, where everyone can lead fulfilling lives. The Adirondack Foundation's mission and activities are geared towards creating a community that values and nurtures its people, nature, and culture.
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Impact
October, 2024
Adirondack Foundation significantly enhances the lives of individuals and communities within the Adirondack region through strategic philanthropy and community leadership. By stewarding over 250 charitable funds contributed by generous local donors, the Foundation ensures that vital resources are allocated to areas that matter most to the residents.
Key areas of impact include education, where grants support schools and learning initiatives; community vitality, which fosters stronger social connections; economic opportunity, helping to create jobs and promote financial stability; environmental protection, ensuring the preservation of the region's natural beauty; human well-being, focusing on health and wellness initiatives; and the promotion of arts and culture, enriching the community's creative landscape.
In addition to grantmaking, Adirondack Foundation is a leader in fostering collaboration among community members and organizations. Initiatives like the Adirondack Common Ground Alliance and the Adirondack Birth to Three Alliance showcase its commitment to enhancing community well-being and supporting families. The Foundation’s mission is driven by core values of inclusion, diversity, compassion, and accountability, creating a strong, just, and vibrant community against the backdrop of the Adirondacks' scenic beauty.
This information is meant to be a general summary of Adirondack Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,119,895
- Program Service Revenue: $1,371,181
- Gross Receipts: $25,168,157
Assets and Liabilities:
- Total Assets: $88,853,239
- Total Liabilities: $24,834,339
- Net Assets: $64,018,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,371,098
SEMINAR FEES
Revenue
$83
Organization Details
Founding Year
1997
Principal Officer
Joseph Steiniger
Website
www.adirondackfoundation.orgNTEE Category
Code: T310 - Philanthropy
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